I recently had a Twitter interaction with Jake Brukhman of Coinfund where we discussed the best method for blockchains to grow their ecosystems. Blockchains are launching ICOs and raising hundreds of millions of dollars, but what is the best use of their funds. I present an overview of different blockchains and how they are funding and developing their ecosystems. I then write my thoughts on what is the best method for increasing blockchain ecosystems.
As you can see many blockchains are electing to create venture funds. A venture fund is an obvious use of proceeds. If you have hundreds of millions of dollars, deploying money via a venture fund could have a lot of immediate benefits. One of the few things that EOS is doing right is outsourcing its corporate venture program. It's allocating the funds to people who have experience in early-stage technology investment and should know how to maximize the ROI both in $$$ and for the ecosystem itself. These blockchains should be focused on encouraging people to build on their platforms. Grants, venture funds and innovative methods like master nodes are a great way to support people developing on your platform.